April 13, 1999
In a cost-cutting measure, California Coastal Communities Inc. said Monday it proposed a 1-for-100 reverse stock split, to be immediately followed by a 100-for-1 forward stock split. The move would cash-out about 11,200 so-called odd-lot shareholders, who each hold less than 100 shares in the Irvine home builder. Such shareholders hold about 235,000 shares, or 2.2% of the company.
April 22, 1999 |
Tivoli Industries of Santa Ana said Wednesday it has been notified by Nasdaq officials that its stock is no longer in danger of losing its listing on the Nasdaq market. A reverse 1-for-3 stock split, which took effect late last month, has bumped the shares above the $1 minimum needed to continue trading on the Nasdaq SmallCap market. Tivoli, which makes specialty lighting and related products, had been one of several companies wrestling with tougher listing standards imposed last year by Nasdaq.
March 12, 1999
Sonic Jet Performance Inc., Huntington Beach-based maker of personal watercraft and recreational/sport boats, announced a 2-for-1 stock split, effective March 26 for shareholders of record March 12. Directors approved the split "in an effort to provide more liquidity and to broaden shareholder base," said president Alex Mardikian. The company will have 13 million shares of stock outstanding after the split. The stock, which trades over the counter, closed Thursday at $20.63, up 63 cents a
October 6, 1998
Shareholders of Tustin-based Cerplex Group Inc. have approved a 1-for-10 reverse stock split, decreasing the number of shares of common stock outstanding to 7.2 million from 72 million, the company said. The company, a provider of computer services, was created from the merger April 30 of Cerplex and Aurora Electronics. The company also said it has received an additional infusion of $5 million from its largest shareholder, New York-based private capital company Welsh, Carson, Anderson & Stowe.
March 16, 1999
Newport Beach-based Consolidated Builders Supply Corp. said its directors have approved a 1-to-5 reverse stock split. The stock, which is traded over the counter, closed at 6 cents a share on March 9, the last day that the shares traded.
August 23, 2000 |
Semiconductor maker Semtech Corp. (SMTC) said Tuesday it will split its common stock 2-for-1 after the shares almost tripled over the past year. Shareholders as of Sept. 5 will receive one additional share for each share held, payable Sept. 25, Semtech said. The Newbury Park, Calif.-based company split its shares a year ago. Net income more than doubled to $13.7 million, or 36 cents a share, in the second quarter ended July 30 from $6.